In anticipation of the Bank of Japan's (BOJ) upcoming policy meeting, major Japanese companies, including Toyota Motor Corp and Nippon Steel, have announced significant wage increases, with Nippon Steel raising wages by more than JPY30,000/month and Toyota agreeing to the biggest pay increase in 25 years. This move comes as the BOJ, under Governor Kazuo Ueda, contemplates ending its negative interest rate policy, a decision closely tied to wage trends and inflationary pressures. The central bank's decision, seen as a critical step towards normalizing monetary policy, is influenced by recent positive developments in the economy, such as high pay hikes and record capital expenditures. However, concerns remain about Japan's ability to sustain these economic gains and fully emerge from deflation, with officials urging continued vigilance.
Employees at Toyota are receiving the largest salary increase in 25 years https://t.co/2ucD2mXoAM https://t.co/biEb9PYinj
🔴 JAPAN'S PM ADVISER YATA: THE GOVERNMENT WON'T MEDDLE IN THE BOJ'S INDEPENDENT POLICY-MAKING, WHEN ASKED IF SOLID WAGE OFFERS COULD TRIGGER AN END TO NEGATIVE RATES IN MARCH.
JAPAN PM ADVISER YATA SAYS GOVT WON'T MEDDLE IN BOJ'S INDEPENDENT POLICY-MAKING, WHEN ASKED IF SOLID WAGE OFFERS COULD TRIGGER END TO NEGATIVE RATES IN MARCH
JAPAN PM ADVISER YATA: MUST BROADEN PAY HIKES TO WORKERS NATIONWIDE, IN EVERY PREFECTURE
JAPAN PM ADVISER YATA: WAGE HIKES THIS YEAR LIKELY TO EXCEED LAST YEAR'S, MUST CONTINUE PAY RISES NEXT YEAR AND THEREAFTER TO DEFEAT DEFLATION
🔴 JAPAN PM ADVISER YATA: WAGE HIKES THIS YEAR ARE LIKELY TO EXCEED LAST YEAR'S, WE MUST CONTINUE PAY RISES NEXT YEAR AND THEREAFTER TO DEFEAT DEFLATION.
Toyota, Nippon Steel agree to historic pay hikes ahead of BOJ meeting https://t.co/GqHMFSIh72 via @NikkeiAsia
Looks like we will be getting hot wage inflation in Japan in coming months after Toyota agreed to large wage increases and urge suppliers to do the same. But if wages outpace CPI inflation by miles, it is bad news for the Nikkei consensus trade. More -> https://t.co/oSFmNiUuC2 https://t.co/QFfmARalqe
Toyota, Nissan, other companies offer large pay hikes, fuel hope of beating deflation: Major Japanese companies, including Toyota Motor Corp and Nissan Motor Co, on Wednesday offered their largest pay hikes in decades at annual… https://t.co/sdu2hqZzR3 #japannews #japantoday
⚠️ BOJ VIEWS WAGE TALKS AS KEY TO TIMING OF STIMULUS EXIT, UEDA SAYS Full Story → https://t.co/PkGcgqkvrp Bank of Japan Governor Kazuo Ueda said the ongoing annual spring wage negotiations between companies and unions are critical in deciding when to phase out its massive…
🔴 JAPAN'S PM KISHIDA: THE GOVERNMENT'S DECISION ON WHETHER JAPAN IS FULLY OUT OF DEFLATION IS NOT DIRECTLY LINKED TO TIMING OF BOJ POLICY SHIFT.
🔴 BOJ'S GOVERNOR UEDA: UNIONS HAVE DEMANDED HIGHER PAY, WE ARE SEEING MANY CORPORATE MANAGERS MAKING OFFERS THAT WILL STREAM IN TODAY AND BEYOND.
🔴 JAPAN'S PM KISHIDA: SPECIFICS OF MONETARY POLICY ARE UP TO THE BOJ.
🔴 BOJ'S GOVERNOR UEDA: WE MUST SCRUTINISE WHETHER A POSITIVE WAGE-INFLATION CYCLE EMERGES IN DECIDING WHETHER CONDITIONS FOR PHASING OUT STIMULUS ARE FALLING INTO PLACE.
🔴 BOJ'S GOVERNOR UEDA: SPRING WAGE TALKS ARE AN IMPORTANT POINT TO MONITOR.
🔴 BOJ'S GOVERNOR UEDA: WE ARE TO MULL A POLICY ADJUSTMENT ONCE THE PRICE TARGET IS IN SIGHT.
🔴 JAPAN'S PM KISHIDA: JAPAN HAS NOT YET EMERGED OUT OF DEFLATION.
⚠️ ANALYSIS-IN JAPAN, RATE RISES HERALD A NEW ERA FOR FINANCIAL MARKETS Full Story → https://t.co/U4VE3WwPTQ Barely weeks after Japanese stocks broke three-decade highs, the country's financial markets are hurtling toward another phenomenon not seen for the best part of a… https://t.co/nGkJfacaD2
🔴 JAPAN'S PM KISHIDA: I WILL CALL FOR PAY HIKES EXCEEDING LAST YEAR AT SMALL AND MID-SIZED FIRMS DURING MEETINGS WITH LABOUR UNIONS AND MANAGEMENT.
Morning Bid: Japan wage deals put BOJ at centre stage https://t.co/Zq0XppQkkj https://t.co/Bfnj0Z2BcB
Bank of Japan may exit its negative rate policy next week. Here's what you need to know https://t.co/hxrpyNDffg
Toyota, others offer large pay hikes amid hope of beating deflation https://t.co/wXeLmGF391
BREAKING: Toyota Motor has agreed to give factory workers the biggest pay increase in 25 years
🚨 The BOJ wanted wage hikes. They are getting wage hikes. Kishida Admin had asked for wage hikes in 2023, then pushed hard last fall. cabinet demands are here: https://t.co/Fqlvuy3PKj Keidanren said ~3mos ago they expected +3.99% this year. "Official" result was 3.58% last yr
Japanese Chief Cabinet Sec Hayashi: Important For Wage Hikes To Spread To Mid-Sized, Small Companies - Seeing Strong Momentum For Wage Hikes
*HAYASHI: SEEING STRONG MOMENTUM TOWARD WAGE HIKES
Japan Inc set to offer big wage hikes, paving way for end to negative rates https://t.co/fe3MSPzxz3 https://t.co/pzvc6gjRVv
Japan Inc Set To Offer Big Wage Hikes, Paving Way For End To Negative Rates - XM https://t.co/pp5aJMvObR
The Bank of Japan will decide whether to raise rates in March after officials see the initial tally from spring wage talks, with the outcome currently too close to call https://t.co/C7f6jLnycz
⚠️ JAPAN INC SET TO OFFER BIG WAGE HIKES, PAVING WAY FOR END TO NEGATIVE RATES Full Story → https://t.co/4ytzhCAoCX https://t.co/U5aRa84uh0
NIPPON STEEL TO RAISE WAGES BY MORE THAN JPY30,000/MONTH - NIKKEI
🇯🇵BOJ Considering March Hike With Outcome Too Close to Call, Sources Say https://t.co/2BRtMZzjSB https://t.co/H9e3kVeFXl
BOJ officials will decide on whether to raise rates in March after they've seen the tally from spring wage talks due Friday https://t.co/xWkuSwE9ug
BoJ Considering March Hike With Outcome Too Close To Call, Sources Say - BBG https://t.co/8kFCALXivh
Bank of Japan officials are edging closer to raising interest rates and will decide whether to move this month at next week’s policy meeting, with the outcome currently too close to call, sources say https://t.co/ytXv2T9KcF
BBG: BOJ IS SAID TO MULL MARCH HIKE
Bank of Japan Governor Kazuo Ueda reaffirmed that the economy continues to recover gradually, sending a signal that the central bank is still on track to end its negative interest rate https://t.co/JsXSz1g0Xw
BOJ GOV UEDA: CONSUMPTION IS IMPROVING MODERATELY ON EASING COST-PUSH PRESSURE, HOPES FOR HIGHER WAGES
BOJ GOV UEDA: JAPAN'S ECONOMY RECOVERING MODERATELY, ALTHOUGH SOME WEAK DATA ARE SEEN
JAPAN FINMIN SUZUKI: AS SUCH WE CANNOT DECLARE DEFLATION AS BEATEN
JAPAN FINMIN SUZUKI: POSITIVE DEVELOPMENT SEEN IN JAPAN'S ECONOMY SUCH AS HIGH PAY HIKES, RECORD CAPEX
JAPAN FINMIN SUZUKI: WE HAVE NOT REACHED A STAGE WHERE JAPAN CAN AVOID THE RISK OF FALLING BACK INTO DEFLATION
BoJ Seen Ending Negative Rate Policy If Rengo Wage Data Strong, Jiji Reports
A slim majority of Bank of Japan watchers still expects the end of negative rates to come in April, but almost everyone agrees there’s a risk the move could come next week, according to a Bloomberg survey https://t.co/Ig7vEFLYSy
BOJ March meeting is still seen as "live" by many forecasters who see this as inevitable move by Ueda and team to finally push key rate off -0.1% to zero. And if this move isn't made at next week's meeting, most others see the big move in April when BOJ issues it's quarterly…
Many Japan Firms Offering Big Pay Hikes In 2024 Shunto Talks - Jiji https://t.co/NDm4ZssAUy